What impact does the text suggest the relocation of companies has on local economies?
Oracle Moves From Silicon Valley to Texas
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The transcript discusses a company's decision to relocate its headquarters from California to Texas to implement a flexible work policy. It highlights ongoing migration patterns and the impact on revenue and taxes. The conversation also touches on the exodus of talent from California to states like Texas, Florida, and Washington, emphasizing the growing trend of brain drain.
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What is the significance of the phrase 'brain drain' as used in the text?
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